Long term

Long term

In economics

Long term, in economics, is the period of time required for economic agents to reallocate resources, and generally reestablish equilibrium.

The actual length of this period, usually numbered in years or decades, varies widely depending on circumstantial context. During the long term, all factors are variable.

According to John Maynard Keynes, "In the long term, we're all dead."

In finance

For financial operations (borrowing, investing...), what is considered
* long term is usually above 7 years,
* medium term is usually between 2 and 7 years,
* short term is usually under 2 years.

See also

* time horizon


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  • long-term — W3 adj [usually before noun] continuing for a long period of time into the future, or relating to what will happen in the distant future ≠ ↑short term ▪ the long term future of the fishing industry ▪ the long term interests of the company the… …   Dictionary of contemporary English

  • long-term — adjective *** 1. ) continuing to exist, be relevant, or have an effect for a long time in the future: a good long term investment a long term anti inflation strategy long term benefits/consequences ─ opposite SHORT TERM 2. ) having existed for a… …   Usage of the words and phrases in modern English

  • long-term — (adj.) also longterm, long term, 1876, originally in insurance, from LONG (Cf. long) (adj.) + TERM (Cf. term) (n.) …   Etymology dictionary

  • long-term — long /short /medium term in the long/medium/short term a long, medium, or short time in the future. Have you made any long term plans? (always before noun) Medium term funding may be offered to help start new projects in developing countries …   New idioms dictionary

  • long-term — adj. same as {long run}; as, the long term consequences. Syn: long run. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • long-term — long′ term adj. 1) covering or involving a relatively long period of time: long term memory[/ex] 2) maturing after a relatively long period of time: a long term bond[/ex] 3) bus (of a capital gain or loss) derived from the sale or exchange of an… …   From formal English to slang

  • long-term|er — «LNG TUR muhr, LONG », noun. a person who is serving a long prison term …   Useful english dictionary

  • long term — UK US noun [S] ► LONG RUN(Cf. ↑long run) …   Financial and business terms

  • long-term — [lôŋ′tʉrm′] adj. 1. for or extending over a long time 2. designating or of a capital gain, loan, etc. that involves a relatively long period …   English World dictionary

  • long-term — adj. Occurring over a long period of time. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Long-term — In accounting information, one year or greater. The New York Times Financial Glossary * * * long term ˈlong term adjective [only before a noun] 1. long term plans, aims etc are related to a long period of time into the future: • Boeing s… …   Financial and business terms

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